GBP/USD had a largely uneventful week and closed almost unchanged. The pair closed the week at 1.5670. This week’s highlight is Second Estimate GDP. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD.
The Fed minutes brought more uncertainty to the timing of a rate hike, as the Fed is clearly hesitant about raising rates in September. US employment numbers were steady and housing numbers beat expectations. In the UK, Retail Sales fell short of expectations.
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